ARA Asset Management

[Happymeowmeow]

I am vested too, 20,000 shares

[Boon]

The near term catalyst would be the performance fees if they meet the IRR hurdles once ADF1 is fully divested. Any ideas when the MAS ruling on REIT Managers incentives will be released ?

(Not Vested)

It is interesting to note the following on ADF 1 as shown on the company website:
1) It was established in 2007 with a committed capital of USD 1,133 million.
2) The fund has invested in 14 assets across four countries and is currently in divestment mode.
3) The fund divested approximately SGD 5.0 billion worth of assets as at 31st March 2015. (Comment: It looks highly leveraged)
4) Highlight : The Fund has divested seven assets and returned more than the capital called from its investors. (Comment: not too sure on how up to date this is on number of asset divested but it means the proceeds from divestment of last 7 assets less borrowing are pure profits……..)

It certainly looks like a very profitable fund but one that seems to be taking a long time to be fully divested…ha-ha!………meaning return as measured by IRR would be dragged down the longer it takes............hopefully ARA could still earn some good performance fee from it .....................

(vested)

[slowandsteady]

http://www.mas.gov.sg/news-and-publicati...arket.aspx

The major changes to fees structure did not materialize.

[Nick]

ARA RAISES US$325 MILLION FOR ITS PRIVATE REAL ESTATE FUNDS PLATFORM VIA A NEW SEPARATE ACCOUNT

http://infopub.sgx.com/FileOpen/14.09.20...eID=369462

(Not Vested)

[greengiraffe]

ARA has potential for $2bn in local sites, says David Blight

• THE AUSTRALIAN
  
• SEPTEMBER 24, 2015 12:00AM
  

0

Turi Condon
[Image: turi_condon.png]
Property Editor
Sydney

[Image: 031829-95eaddc2-60f6-11e5-a366-6ffd7a84795b.jpg]
ARA managing director David Blight. Picture: Aaron Francis. Source: News Corp Australia
[b]Singapore-listed ARA Group is close to amassing $800 million of Australian property investments and has the capacity to buy another $2 billion of local holdings, according to Australian managing director David Blight.[/b]
ARA’s name emerged as having run the ruler over GIC and Frasers Property’s $1bn industrial portfolio, which was last week sold to another Singaporean group, Ascendas, and on Brisbane and Sydney office buildings.
“We wanted to quietly get going and do some deals,” said Mr Blight, who joined ARA in January and was previously a global chairman of ING Real Estate and chief of APN Property Group.
ARA, which has $S27bn of funds under management across six listed real estate investment trusts, unlisted funds and mandates, made its first Australian ­acquisition last year, paying $413m for Leighton Properties’ office project at 177 Pacific Highway, North Sydney for its listed Suntec REIT.
ARA has also finalised a mezzanine debt position on a Sydney development and is in due diligence on a small residential development sites portfolio.
Earlier this month, the group raised $US325m for a new fund with an undisclosed Asian sovereign wealth fund taking a cornerstone stake. The fund will invest in Australia, Singapore, Hong Kong, China and Japan.
While ARA would prefer to grow organically in Australia, Mr Blight, who first came into contact with ARA as a competitor in Asia when he was based in Europe running ING Real Estate, does not rule out mergers or corporate activity.
In the longer term, the group aims to send funds in the opposite direction, and join with Australian superannuation funds to invest in Asian property. “It’s timely for the volatility with China to wash through, and our plate is full at the moment,” Mr Blight said.
In Australia, he sees no easing in the fierce competition for ­investment property. “The toughest job in real estate right now is trying to buy intelligently. If we have a hit rate of one in 25, we are doing well,” he said. “There are opportunities if you dig hard enough, but there has to be discipline about what you will and will not pay.”
Mr Blight, said while some of the prices achieved were surprising to local investors, these were in line with global markets. The fall in the dollar was also fuelling offshore appetite for local property, he said. But he dismissed concerns of a property bubble saying debt was not an issue so far.

[slowandsteady]

ARA had a few "near miss" recently. Looks like they are going for a big purchase that'll boost AUM.

http://www.straitstimes.com/business/nor...pore-tower
http://www.afr.com/real-estate/commercia...918-gjpo9a

[Boon]

PRESS RELEASE 26 OCTOBER 2015
ESTABLISHMENT OF ARA’S THIRD PRIVATELY-HELD REIT IN SOUTH KOREA
ARA Asset Management Limited ("ARA" or the "Group") is pleased to announce that ARA Korea Limited ("ARA Korea"), a subsidiary of the Group and a licensed REIT manager in South Korea, has successfully launched a new privately-held REIT.

Named ARA ShinYoung Residential Development Real Estate Investment Company with a mandate to invest in residential assets in South Korea, it has in October 2015 successfully completed its first investment in a residential development project in Seoul with a total development cost of approximately KRW43 billion.

The new REIT was launched by ARA in partnership with ShinYoung Co., Ltd., a prominent residential property developer and operator in Korea. ARA Korea is mandated as the sole asset manager of the REIT and this is the third privately-held Korean REIT wholly-managed by ARA.

As at 30 June 2015, ARA’s assets under management stood at approximately S$26.9 billion. 

http://infopub.sgx.com/FileOpen/2015.10....eID=374963
_______________________________________________________________________________________________________________________________________

[slowandsteady]

CapitaLand-Norges joint venture out of Asia Square deal - for now
BlackRock said to be in talks with ARA-led group to buy Tower 1 in what could be Singapore's biggest office transaction

http://www.businesstimes.com.sg/real-est...al-for-now

This could be a potentially large bump in AUM.

[Dividend Knight]

CapitaLand-Norges joint venture out of Asia Square deal - for now
BlackRock said to be in talks with ARA-led group to buy Tower 1 in what could be Singapore's biggest office transaction

http://www.businesstimes.com.sg/real-est...al-for-now

This could be a potentially large bump in AUM.

Yup. Possible injection into Suntec REIT in the future...

[AQ.]

CapitaLand-Norges joint venture out of Asia Square deal - for now
BlackRock said to be in talks with ARA-led group to buy Tower 1 in what could be Singapore's biggest office transaction

http://www.businesstimes.com.sg/real-est...al-for-now

This could be a potentially large bump in AUM.

Yup. Possible injection into Suntec REIT in the future...

Rumors are for ARA to stitch together a consortium comprising Korean SWF + CALPERS (california pensions) for the bid.